Makita Corp. (OTCMKTS:MKTAY) Short Interest Up 269.1% in December

Makita Corp. (OTCMKTS:MKTAY) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 15,217 shares, a growth of 269.1% from the November 30th total of 4,123 shares. Based on an average daily volume of 46,488 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 46,488 shares, the short-interest ratio is currently 0.3 days.

Makita Stock Performance

Shares of MKTAY traded down $0.37 during mid-day trading on Thursday, reaching $30.52. The stock had a trading volume of 16,059 shares, compared to its average volume of 18,966. The business has a fifty day moving average of $30.05 and a 200 day moving average of $31.57. The firm has a market cap of $8.21 billion, a price-to-earnings ratio of 15.18 and a beta of 0.52. Makita has a 12 month low of $25.56 and a 12 month high of $39.05.

Makita (OTCMKTS:MKTAY) last issued its quarterly earnings results on Friday, October 31st. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. Makita had a return on equity of 8.53% and a net margin of 10.72%.The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.27 billion. On average, research analysts forecast that Makita will post 1.56 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of Makita from a “buy” rating to a “hold” rating in a research note on Wednesday, November 19th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy”.

About Makita

Makita Corporation (OTCMKTS:MKTAY) is a global manufacturer of professional and consumer power tools headquartered in Anjō, Aichi Prefecture, Japan. Founded in 1915 as an electric motor sales and repair company, it incorporated as Makita Electric Works, Ltd. in 1958 and has since expanded its product portfolio to serve both industrial and residential markets. The company’s core business activities encompass the design, production and distribution of power tools, outdoor power equipment and accessories.

Makita’s product lineup includes cordless and corded electric drills, drivers, saws, grinders, sanders and rotary hammers, as well as pneumatic and gasoline-powered machinery.